Personal Lines
Natural Catastrophe Economic Losses Hit a Record $353B in 2017: Aon Benfield
Insured losses for last year's 330 natural catastrophes reached $134 billion, or 38 percent of their economic price tag of $353 billion, according to a report published by Impact Forecasting, Aon ...
U.S. Senate Looks for Way to Bring Self-Driving Car Bill to Vote
The chairman of the U.S. Senate Commerce Committee is pursuing different strategies to win approval this year of landmark self-driving car legislation that could make it easier for automakers to get ...
AIG, Argo, EMC CEOs Stress Importance of Balanced Regulatory Environment
At the Insurance Information Institute's (I.I.I.) 2018 P/C Joint Industry Forum, held January 16 at New York City's Marriott Marquis, panelists stressed the importance of a balanced regulatory ...
Safe Driving App Developer Nexar Raises $30M From Nationwide, Others
Nexar has raised a $30 million round of new funding from Nationwide Insurance and other investors, money that will help expand the reach of its technology startup centered around a dashcam app to ...
The Latest Launches From Beazley and Allstate
Beazley is adding more new options to its Breach Response coverage for small and midsize policyholders in the United States. Allstate Roadside Services is expanding a pilot program with Lyft designed ...
Root Expands Into Four More States With Telematics-Based Auto Insurance Cover
Root, a telematics-based auto insurance startup, has expanded into four additional states, bringing the total in which it operates to 10. New state approvals to operate are from Pennsylvania, Texas, ...
Expect Up to $19B in Losses With a U.S. Cloud-Computing Failure
A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion in business losses, only a fraction of which would be insured, Lloyd's of London ...
Travelers Produces a Q4 Profit Despite Catastrophe and Tax Cut Hits
Travelers took a big Q4 hit from a tax-cut-related charge and catastrophe-related expenses but still pulled in a profit. The insurer booked $551 million in net income, or $1.98 per share, during the ...